Ethereum's Pectra upgrade has been successfully activated, reducing average transaction fees to under $0.01 and introducing native account abstraction that eliminates the need for separate wallet apps.
Pectra Highlights
- Average gas fee: $0.008 (down from $2.50)
- Native account abstraction (EIP-7702)
- Validator staking limit raised to 2,048 ETH
- Blob throughput doubled for L2 scaling
ETH surged 15% following the successful upgrade, reaching $4,800. Developers say the fee reduction makes Ethereum competitive with Solana for everyday transactions while maintaining superior security guarantees.
